Comments (14)

Aug 11, 2010 - 2:10pm
Chech4, what's your opinion? Comment below:

Cramer is a smart guy, he knows what hes talking about just as much as the next guy, but you have to realize hes trying to entertain you first, and gives advice second. I really never took him seriously becuase he seems to make really general statements, that I have the "okay tell me something i don't know" reaction too. And its not like I am a wall street veteran or anything, I was in your shoes a couple month's ago. Now I have a pretty solid understanding of the market place after reading alot of yahoo finance stuff and other books.

Gang, Gang, Gang
  • 1
Aug 11, 2010 - 2:24pm
consultant 13, what's your opinion? Comment below:
Chech4:
Cramer is a smart guy, he knows what hes talking about just as much as the next guy, but you have to realize hes trying to entertain you first, and gives advice second. I really never took him seriously becuase he seems to make really general statements, that I have the "okay tell me something i don't know" reaction too. And its not like I am a wall street veteran or anything, I was in your shoes a couple month's ago. Now I have a pretty solid understanding of the market place after reading alot of yahoo finance stuff and other books.

Any book suggestions.

  • 1
Aug 11, 2010 - 3:05pm
junkbondswap, what's your opinion? Comment below:

Use the search button on the site and you will find a bunch of threads on this topic:

I would suggest reading "A Random Walk Down Wall Street" for starts and then read books by Peter Lynch, Ben Graham (Intelligent Investor, chapters 8 and 20 specifically), etc. Cramer's books are actually not a terrible read for a novice looking to get familiar with market jargon.

Read Wall Street Journal, Bloomberg.com, etc. everyday.

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Aug 11, 2010 - 4:04pm
Recap, what's your opinion? Comment below:

Pick up a basic book to understand the jargon of the markets and how it works. After that, just watch CNBC and Bloomberg and you'll get a better understanding.

Aug 11, 2010 - 5:40pm
Bi-Winning, what's your opinion? Comment below:

Open a papertrading account. Perhaps Thinkorswim or investopedia. Experiment relentlessly after that.

I win here, I win there...
Aug 11, 2010 - 6:28pm
PropTrader1979, what's your opinion? Comment below:

Cramer's Mad Money first got me interested in the stock market, and Confessions of a Street Addict was also a great read.

When I was new, I found the free articles at http://garsworld.com/mystory.htm very helpful to learn how to make the most money as a small-time individual trader and what really explains how stock prices move. The free Basics of Trading Course on the InformedTrades website is also an extremely useful overview.

You should also check out the classic stock market book Reminiscences of a Stock Operator by Jesse Livermore.

Aug 12, 2010 - 10:28am
Ben Shalom Bernanke, what's your opinion? Comment below:

Read the WSJ every day and read summary articles from Yahoo Finance or Bloomberg as to what moved the markets that day. You may not comprehend it all at first, but if you keep reading, things will become easier to understand.

Aug 17, 2010 - 9:16pm
PropTrader1979, what's your opinion? Comment below:

One other book I found helpful for getting better in active trading was The Market Maker's Edge by Josh Lukeman.

Just be sure to avoid paying a lot of money for 'trading education.' There are so many excellent free and low-cost materials/services out there now.

Aug 17, 2010 - 9:25pm
Bi-Winning, what's your opinion? Comment below:

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I win here, I win there...
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